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Elkton, MN
Full City Profile · Minnesota · Mower County County
2.9
/5.0
C+
Fair
91
Population
71/sq mi density
$51,932
Median Income
$57,166 per capita
$182,500
Home Value
$274,797 Zillow
$775
Median Rent
22.5% income on rent
43°F
Avg Temperature
260 sunny days/yr
266
Violent Crime/100K
2,362 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$51,932 median income, 0.0% unemployment
A+
Affordability
4.7 / 5.0
$182,500 home value, $775/mo rent
F
Safety
1.0 / 5.0
266 violent crimes/100K
C
Education
2.4 / 5.0
17.3% bachelor's degree or higher
Housing Overview
Median Home Value
$182,500
35% below
US avg: $281,900
Median Rent
$775/mo
33% below
US avg: $1,163/mo
Homeownership Rate
87.8%
34% above US avg (65.4%)
Total Housing Units
65
Median year built: 1965
Home Value by Source
Census Median
$182,500
Zillow (ZHVI)
$274,797
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
87.8%
Owner-Occupied
12.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$775/mo
Affordability & Housing Stock
Rent Burden
22.5%
of renters spending 30%+ of income on housing
27% below US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
87.8%
Complete Housing Data
Home Values
| Census Median Value | $182,500 |
| Zillow Home Value (ZHVI) | $274,797 |
Rent
| Census Median Rent | $775 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 87.8% |
| Renter-Occupied | 12.2% |
| Homeownership Rate | 87.8% |
| Total Housing Units | 65 |
| Median Year Built | 1965 |
| Rent Burden | 22.5% |